$4,750,000

Commercial For Sale In City Center/Protection Island, Nanaimo, British Columbia

$4,750,000

Property Information:

Prime Downtown Opportunity in Nanaimo, extensively upgraded property featuring approximately 50,000 sq. ft. of thoughtfully designed and turnkey office space. Located in the heart of downtown Nanaimo, the property offers exceptional potential for businesses seeking a central and professional location. The property comprises seven distinct units, each tailored for substantial office use, with configurations ranging from 3 to 18 offices per unit. Each unit boasts a variety of functional amenities such as staff rooms, kitchens, reception areas, waiting rooms, washrooms and ample storage solutions. Building is equipped with an on-site workshop, and a cafeteria/restaurant. Spread across two floors with two convenient access points, the property is zoned DT 4 (Terminal Avenue), allowing for diverse uses such as offices, financial institutions, commercial or technical schools, convention centers, cultural facilities, and potential for a conversion to multi-family residential. Plus GST.

Property Features:

  • Annual Tax Amount: $96,897
  • Building Features: Elevator: Freight, Elevator: Passenger, High Traffic Area, Kitchen/Staff Room, Leasehold Improvements, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure, Workshop
  • Built in: 1957
  • Construction Materials: Concrete
  • Cooling: Central Air
  • Exterior Features: Balcony/Patio, Wheelchair Access
  • Floor Space (approx): 50037 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air, Hot Water, Natural Gas
  • Lot Features: Central Location, Corner Lot, Irregular Lot, Marina Nearby, Serviced, Shopping Nearby, Sidewalk
  • Lot Frontage: 34412.4 Square Feet
  • Lot Size: 0.79 Acres
  • Ownership: Freehold
  • Property Sub Type: Office
  • Road Surface Type: Paved
  • Water Source: Municipal
  • Zoning: DT-4
  • Sewer:

Courtesy of: RE/MAX of Nanaimo

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.